About S Homan Ave / W Ogden Ave

Real Estate Prices and Overview

S Homan Ave / W Ogden Ave median real estate price is $111,552, which is less expensive than 73.8% of Illinois neighborhoods
and 72.3% of all U.S. neighborhoods.

The average rental price in S Homan Ave / W Ogden Ave
is currently $925, based on NeighborhoodScout's exclusive analysis.
The average rental cost in this neighborhood is higher than 61.7%
of the neighborhoods in Illinois.

S Homan Ave / W Ogden Ave is a densely urban neighborhood (based on population
density) located in Chicago, Illinois.

S Homan Ave / W Ogden Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom)
small apartment buildings and single-family homes. Most of the residential real estate
is renter occupied. Many of the residences in the S Homan Ave / W Ogden Ave neighborhood
are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in
S Homan Ave / W Ogden Ave. The current real estate vacancy rate here is 32.3%.
This is higher than the rate of vacancies in 95.2% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
But often neighborhoods with vacancy rates this high are places that
can be plagued by a protracted vacancy problem. If you live here, you
may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
get around.

Notable & Unique: Modes of Transportation

Our research revealed that more commuters here take the bus to work
(46.1% ride the bus) than 99.8% of all American
neighborhoods. If you like the idea of leaving your car and home and
hopping the bus to work, this might be a good neighborhood for you to
consider.

Also, a unique way of commuting is simply not to. And in the S Homan Ave / W Ogden Ave
neighborhood, analysis shows that 15.6% of the residents work
from home, avoiding a commute altogether. This may not seem like a large number,
but it is a higher proportion of people working from home than is found in
98.5% of the neighborhoods in the United States.
One thing NeighborhoodScout's research reveals is that the wealthier and/or
more isolated the neighborhood, the greater the proportion of residents who
choose to work from home.

Finally, if you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 19.7% of the
S Homan Ave / W Ogden Ave neighborhood's commuters ride the train to and from work each
day, which is more than we found in 96.5% of America's
neighborhoods.

Notable & Unique: People

Whether by choice, divorce, or unplanned pregnancy, single moms may have
the toughest job in the book. NeighborhoodScout's exclusive analysis reveals
that the S Homan Ave / W Ogden Ave neighborhood has more single mother
households than 98.3% of the neighborhoods in the U.S.
Often high concentrations of single mother homes can be a strong indicator
of family and social issues such as poverty, high rates of school dropouts,
crime, and other societal problems.

In addition, of note, 65.3% of the children in this area
live in poverty; an extraordinarily high percentage compared to other
neighborhoods in the nation. In a nation where approximately one in
four children grows up in poverty, this neighborhood stands out for
the depth of the problem manifested here.

Notable & Unique: Real Estate

Even if you drive or take transit to your place of employment, many
people enjoy being able to walk in their neighborhood. What many people
don't realize is that most of America's premier vacation locations are
also very walkable. The S Homan Ave / W Ogden Ave neighborhood is among
the top 5% of American neighborhoods in terms of walkability.

In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the S Homan Ave / W Ogden Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 71.7% of the real estate here is made up of such dwellings, which is higher than 99.7% of all U.S. neighborhoods.

Furthermore, despite all of the residential real estate here in the S Homan Ave / W Ogden Ave neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 32.3%, which is higher than 95.2% of all U.S. neighborhoods.

Also of note, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The S Homan Ave / W Ogden Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 59.5% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 95.1% of the neighborhoods in the United States.

The Neighbors

The Neighbors: Income

How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.

The neighbors in the S Homan Ave / W Ogden Ave neighborhood in Chicago are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 91.4% of U.S. neighborhoods.
With 65.3% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 96.9%
of U.S. neighborhoods.

The Neighbors: Occupations

What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the S Homan Ave / W Ogden Ave neighborhood, 40.6% of the working population is employed in
clerical, assistant, and tech support occupations.
The second most important occupational group in this neighborhood is
executive, management, and professional occupations, with 31.7% of the residents employed.
Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants
(26.1%), and 3.3% in government jobs, whether they are in local, state, or federal positions.

The Neighbors: Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.

The Neighbors: Languages

The most common language spoken in the S Homan Ave / W Ogden Ave
neighborhood is English, spoken by 100.0% of households.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in S Homan Ave / W Ogden Ave neighborhood spend
between 45 minutes and one hour commuting one-way to work (44.1% of working
residents), longer and tougher than most commutes in America.

Here most residents (46.1%) ride the bus to get to work.
In addition, quite a number also drive alone in a private automobile to get to work (20.4%) and 19.7% of residents also take the train for their daily commute. The bus provides a valuable service in the S Homan Ave / W Ogden Ave neighborhood of
Chicago by getting a lot of residents to and from work daily, reducing
the costs of commuting and reducing some congestion on the roads as well.

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